Back Haul

Back Haul :

B2B – commerce / e-commerce

Acronym for business-to-business. Commerce in goods, services, or information that takes place between business enterprises. Contrast to the exchange of goods, services, or information between businesses and pri¬vate individuals (business-to-consumer or B2C). Business-to- business is a term associated with the pre-Internet old econ¬omy whereas B2B is a term associated with the new Inter¬net economy. B2B sales on the Internet are expected to grow at a faster rate than the B2C sector.

B2C – commerce / e-commerce

Acronym for business-to-con-sumer. Commerce in goods, services, or information that takes place between business enterprises and private indi¬viduals. Contrast to the exchange of goods between com¬panies (business-to-business or B2B)

Back Haul - logistics

(a) The return movement of a transport vehicle from its original destination to its original point of departure

(b) The load carried by a transport vehicle all or part of tire way from its original destination to its original point of departure

Back Order – logistics / commerce

A customer order for a material, component part or finished good that cannot be filled from current inventory

Background Notes

A series of publications by the U.S. State Department provid¬ing an overview of a country’s history, people, political con¬ditions, economy, and foreign relations. Also includes map of country and travel notes. Available from: Superintendent of Documents; U.S. Government Printing Office; Mail Stop: IDCC; 732 N. Capitol Street, NW; Washington, DC 20401; Tel: [1] (866) 512-1800, [1] (202) 512-1800; Fax: [1] (202) 512-2104 - To receive catalog.... contact U.S. Fax Watch : [1] (202) 512-1716

Back-To-Back Borrowing - banking

The process whereby a bank brings together a borrower and a lender so that they agree on a loan con¬tract.

Back-To-Back Letter of Credit - banking

A new letter of credit opened in favor of another beneficiary on the basis of an already existing, nontransferable letter of credit. For example, a British merchant agrees to buy cotton in Egypt for sale to a Belgian shirtmaker. The Belgian establishes a nontransferable letter of credit for payment to the British merchant who then uses the strength of the letter of credit as a security with his bank for opening a letter of credit to finance payment to the Egyptian. See letter of credit.

Back-To-Back Loan - banking

Operations whereby a loan is made in one cur¬rency in one country against a loan in another currency in another country (e.g., a U.S. dollar loan in the U.S. against a pounds sterling loan in the U.K.).

Bad Faith - law

The intent to mislead or deceive (mala fides). It does not include misleading by an honest, inadvertent or un¬called-for misstatement